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big energy scam called leed, the designation for energy efficient buildings across the country. there is a builders council that has fisted this racket on the country for quite a while and there is all sorts of government incentives at every level so architects and designers pursue this designation. and in the nation's schools, this has become somewhat of a boondoggle. usa today did a very good investigative report on how it's based on a lot of junk science 'cause what you'll have a lot of these eco zealots claiming that these energy efficient modifications somehow improve academic performance. no evidence whatsoever. >> steve: it's so crazy because we're opinioning hundreds of millions of dollars on these green buildings that aren't green and, in fact, some of the old buildings are more energy efficient. michelle, have a terrific weekend. thank you very much for joining us on this thursday. >> you bet. take care. >> brian: coming up, hall and oaths in a nasty fight. one in the slammer. say it ain't so. more to this story than you think. >> gretchen: she's a rich girl. ♪ appar
big energy scam called leed, the designation for energy efficient buildings across the country. there is a builders council that has fisted this racket on the country for quite a while and there is all sorts of government incentives at every level so architects and designers pursue this designation. and in the nation's schools, this has become somewhat of a boondoggle. usa today did a very good investigative report on how it's based on a lot of junk science 'cause what you'll have a lot of...
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. >> we didn't have a great energy policy. we're importing 50%, 60% of oil from overseas, some from places where they want to kill us. so it's a bad deal. and now, we're given another chance. that chance is unbelievable. exxon, the united states, like 2025, we're going to be energy self-sufficient in coal -- i mean oil and natural gas. that will make america more competitive, it will reduce the deficit, reduce the pressure. let's do it wisely. >> and in just the last few minutes, the opec secretary said he doesn't see any threat from u.s. shale product, this after the uae minister has suggested a response from the oil ministers in vienna. gary ross, welcome. >> nice to be here. >> the shale revolution in the u.s., is it a game changer as much as we're hearing from jamie dimon, arcelormittal? do you think this is going to make the u.s. energy independent, almost? >> well, we think it is. it's huge. we've statemented about 11110 billion pounds of recovery oil from shale crude. u.s. product will be going up overall, about a milli
. >> we didn't have a great energy policy. we're importing 50%, 60% of oil from overseas, some from places where they want to kill us. so it's a bad deal. and now, we're given another chance. that chance is unbelievable. exxon, the united states, like 2025, we're going to be energy self-sufficient in coal -- i mean oil and natural gas. that will make america more competitive, it will reduce the deficit, reduce the pressure. let's do it wisely. >> and in just the last few minutes,...
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unless we have a jobs program, energy efficiencies investments in improving our electrical grid, unless we put people to work in this country, we are not ever going to close the deficit. i would say let's raise those income taxes on the highest earners, but couple it with a jobs program. >> jennifer: which is what he has tried to do by insisting on a $50 million surplus for infrastructure. fiscal cliff discussions are obviously continuing and the white house has lowered the amount of new revenue it is seeking from $1.6 trillion to $1.4 trillion. i want to have you listen to a sound bite from speaker boehner. >> listen we have been reasonable and responsible in our approach to this and we're going to continue to do that. it's time for the president to do his part. >> jennifer: i don't know if you can hear that. >> i heard it. but very quickly, we got here because of two massive tax cuts two unpaid for wars and financial recklessness on wall street and deregulation. we need to restore those upper income brackets and have an investment program to put people back to work. the fed recognizes
unless we have a jobs program, energy efficiencies investments in improving our electrical grid, unless we put people to work in this country, we are not ever going to close the deficit. i would say let's raise those income taxes on the highest earners, but couple it with a jobs program. >> jennifer: which is what he has tried to do by insisting on a $50 million surplus for infrastructure. fiscal cliff discussions are obviously continuing and the white house has lowered the amount of new...
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. >> a lot of energy and time devoted to an artificially created crisis. matt miller, thanks for joining us. next, have you sent your holiday cards yet? if not, you are not alone. why more americans are taking a pass on this tradition. you ever notice that some people just have a knack for giving the perfect gift? they put real thought into it. and find just... the right...thing. how do they do that? more saving. more doing. that's the power of the home depot. pick up a ridgid jobmax multi-tool starter kit and get a free head attachment. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. call... and ask one of our insurance experts about it today. hello?! we believe our customers do their best out there in the world, and we do everything we can to be there for them when they need us. [car alarm blaring] call now
. >> a lot of energy and time devoted to an artificially created crisis. matt miller, thanks for joining us. next, have you sent your holiday cards yet? if not, you are not alone. why more americans are taking a pass on this tradition. you ever notice that some people just have a knack for giving the perfect gift? they put real thought into it. and find just... the right...thing. how do they do that? more saving. more doing. that's the power of the home depot. pick up a ridgid jobmax...
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lot of energy. >> there's a lot of energy. you're going to run them. see if they get a nap by this afternoon. uh-oh. you do not have to give it up. thank you all for coming. "the six little mcghees" this saturday on own. and you can see more of the mcghee sextuplets on goodmorningamerica.com on yahoo! >> thank you. >>> coming up, counting down to christmas with our f >>> counting down to christmas. our favorite coffee table book, always a good item for the holidays. we're looking at some of the biggest trends. books of animals with gorgeous pictures. entertainment books are popular. and some of the hottest books are tributes to audrey hepburn. we chose our favorites. and we'll get started with george. >> the first one is this one. this is a gorgeous book. it's called "her majesty." look at it right here. it's done by rue golden. for the 50th anniversary jubilee for the queen. look at those blue i audios. it goes back to the beginning of when she became queen. you see her at home. you see chapters on
lot of energy. >> there's a lot of energy. you're going to run them. see if they get a nap by this afternoon. uh-oh. you do not have to give it up. thank you all for coming. "the six little mcghees" this saturday on own. and you can see more of the mcghee sextuplets on goodmorningamerica.com on yahoo! >> thank you. >>> coming up, counting down to christmas with our f >>> counting down to christmas. our favorite coffee table book, always a good item for...
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if you have back pain, toss and turn at night or wake up tired with no energy, the sleep number bed could be your solution. the sleep number bed's secret is it's air chambers which provide ideal support and put you in control of the firmness. and the bed is perfect for couples because each side adjusts independently toumber. here's what clinical research has found: ® 93% of participants experienced back-pain relief. ® 90% reported reduced aches and pains. ® 87% fell asleep faster and enjoyed more deep sleep. for study summaries, call this number now. we'll include a free dvd and brochure about the sleep number bed including prices, and models plus a free $50 savings card. and how about this? steel springs can cause uncomfortable pressure points. but the sleep number bed contours to your body. imagine how good you'll feel when your muscles relax and you fall into a deep sleep! i'm not just a back surgeon, i'm also a back patient. i sleep on the sleep number bed myself and i highly recommend it to all of my patients. need another reason to call? the sleep number bed costs about the same
if you have back pain, toss and turn at night or wake up tired with no energy, the sleep number bed could be your solution. the sleep number bed's secret is it's air chambers which provide ideal support and put you in control of the firmness. and the bed is perfect for couples because each side adjusts independently toumber. here's what clinical research has found: ® 93% of participants experienced back-pain relief. ® 90% reported reduced aches and pains. ® 87% fell asleep faster and enjoyed...
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Dec 12, 2012
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joefrgs in the energy space. petrochina spending $1.6 billion for bhp's minority stake in a controversial play. the brows project on the northwest coast has drawn criticism from land and environmental group and raised eyebrows with its expensive price tag. petrochina is looking to boost overseas production and earmarked $16 billion toward that plan. >>> singapore airlines' shares closing up today, around 1%. this after selling its 49% stake in virgin atlantic and delta for $360 million. s.a. had bought the stake in 1999 for close to a billion dollars. it's been looking to sell since mid 2011. and s.a.'s spokesman told cnbc the partnership wasn't the best fit. >> the synergies we hoped for never fully materialized. there's a reason that we're selling. we found a willing buyer in delta. and -- there was -- it was seen as, you know, we shouldn't continue holding on to it if those synergies were not there and if it wasn't performing it our expectations. >>> germany's biggest public sector union verde says it's lookin
joefrgs in the energy space. petrochina spending $1.6 billion for bhp's minority stake in a controversial play. the brows project on the northwest coast has drawn criticism from land and environmental group and raised eyebrows with its expensive price tag. petrochina is looking to boost overseas production and earmarked $16 billion toward that plan. >>> singapore airlines' shares closing up today, around 1%. this after selling its 49% stake in virgin atlantic and delta for $360...
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we could be energy independent by 2020. the innovation is coming from our business owners in this state and across the country. the more we can do to use that, the better off we will be for it. oklahoma has been second in job growth since the governor has been in office. we are one of the lowest states of unemployment. we have had the fourth highest in capital income. we feel like the things we have been doing in office are producing the results. the fiscal cliff will have devastating effects on that. it was unsustainable for us to carry on the costs without facing major cuts in education and transportation and public safety. the aerospace and defense industry and our state are looking at 16,000 jobs if we go off the cliff and sequestration occurs. we do have some good things that are happening. some other things that are potentially not so good. >> one quick follow-up. what did detroit say? >> absolutely. we put it out there. i am not the expert. we have a half-ton truck out there now. we are looking at a three- quarters t
we could be energy independent by 2020. the innovation is coming from our business owners in this state and across the country. the more we can do to use that, the better off we will be for it. oklahoma has been second in job growth since the governor has been in office. we are one of the lowest states of unemployment. we have had the fourth highest in capital income. we feel like the things we have been doing in office are producing the results. the fiscal cliff will have devastating effects...
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with vitamin c for immune support and b vitamins for natural energy, i'm ready for whatever they get into. get your free sample at myemergenc.com. stay healthy and feel the good. get your free sample at myemergenc.com. i have obligations. cute tobligations, but obligatio.ing. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >> two dead and one transported. additionally, i can confirm that the shooter is dead of an apparent self-inflicted gunshot wound. by all accounts there's no rounds fired by law enforcement today. >> no rounds? >> we will take questions at the end. >> no rounds fired by law enforcement today in the mall. again, we are wrapping up our search of the mall and releasing e
with vitamin c for immune support and b vitamins for natural energy, i'm ready for whatever they get into. get your free sample at myemergenc.com. stay healthy and feel the good. get your free sample at myemergenc.com. i have obligations. cute tobligations, but obligatio.ing. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares...
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we could go without access to energy sources -- open up access to energy sources. the new revenues must not be used for more spending and used to reduce the deficit. how we would lock that in my past experiments have been rather a failure, i do not have the solution to. it is important to note there are revenues that are acceptable to conservatives. that leads me to the other point. our long-term issue really is the spending issue. to the extent we have tax revenues low today, not because of the rates, because the economy is underperforming. the economy is quite weak right now. we should see much stronger growth and unemployment much lower. we want to see policies put in place that strengthen the economy and also begin to tackle this longer term spending issue we have driven primarily through entitlements. when it comes to those, there are a number of very broad, bipartisan support of the recommendations easily available to the president and speaker boehner and other leaders want to come together and get serious about making a down payment on our fiscal future. tha
we could go without access to energy sources -- open up access to energy sources. the new revenues must not be used for more spending and used to reduce the deficit. how we would lock that in my past experiments have been rather a failure, i do not have the solution to. it is important to note there are revenues that are acceptable to conservatives. that leads me to the other point. our long-term issue really is the spending issue. to the extent we have tax revenues low today, not because of...
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they had a housing bubble that's built on energy and commodity exporting. if we get $60 oil, some of the canadian banks and stocks aren't going to do that well. ewc is the etf and that's what rhyme short. >> let's do some fast or fiction here. there's a share buy-back in morgan stanley's fear future. the company is considering one for the first time since the financial crisis. james gorman saying just last month it would be a good idea to return capital to what he calls long suffering shareholders. 19 big banks have until january 7th to submit their share reper chase plans as part of the stress test process. so, fast or fiction, morgan stanley will do a byuy-back. and the follow-up, who is going to be next? 19 banks that are going to ask, come january, and so, which ones should we look to? >> well, i think you listen to mr. gorman, he sees the stock trading at .58 times price to book and this is a place where this is significant value for a company that is struggling with its old business model. so, this makes sense. i would call it possible fast. >> okay.
they had a housing bubble that's built on energy and commodity exporting. if we get $60 oil, some of the canadian banks and stocks aren't going to do that well. ewc is the etf and that's what rhyme short. >> let's do some fast or fiction here. there's a share buy-back in morgan stanley's fear future. the company is considering one for the first time since the financial crisis. james gorman saying just last month it would be a good idea to return capital to what he calls long suffering...
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matt smith is commodities analyst at summit energy services. thanks for joining us. dive into the issue of leadership first. he has been the secretary-general for about six years. now he is stepping down. how important is who replaces him? >> well, it's very important really. he has taken us through a very torrid time in the crude market and now, at a time when they're having this meeting when you would expect there would be all these different debates going on regarding supply, regarding price, the whole cartel is happy with supply and price. yet there is the huge concern with the leadership whether it will go to an iranian a iraqi or a saudi. this is a huge concern especially at a period when we're entering where we will need cuts probably next year by opec. melissa: yeah. i mean there's a lot of focus on this. at the same time anytime i've been at a meeting most of the meeting happens away from the meeting. they all meet late into the night at each other's hotels trying to hash out what's going to be said. does saudi arabia in your mind, minister al-naimi, still c
matt smith is commodities analyst at summit energy services. thanks for joining us. dive into the issue of leadership first. he has been the secretary-general for about six years. now he is stepping down. how important is who replaces him? >> well, it's very important really. he has taken us through a very torrid time in the crude market and now, at a time when they're having this meeting when you would expect there would be all these different debates going on regarding supply, regarding...
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the energy companies, they must get one third of their energy from renewable sources? i guess that's hydro electric, wind and solar, you've got to get a third from those green energy sources from the year 2020, and that seems like an awful lot of power to come from the sun and wind and can you make it? >> i don't think so. because part of the dirty little secret behind all of this, stuart, is that mother nature has really interesting way of deciding when she's going to provide sun, when they're going to provide the wind and because of that, all of these major power plants are supposed to give these utilities the mandated 33% by 2020. also, have to have a companion fossil fuel plan that has the turbines ready, if a cloud bank moves over the mojave desert or over the mountains they don't interrupt the power grid. when the green energy demand increases so does the demand for fossil fuel. what happens if they can't meet the mandate and get renewables by 2020? >> i think they're doubling down on top of this. jerry brown was quoted with fanaticism. there will be screwups, an
the energy companies, they must get one third of their energy from renewable sources? i guess that's hydro electric, wind and solar, you've got to get a third from those green energy sources from the year 2020, and that seems like an awful lot of power to come from the sun and wind and can you make it? >> i don't think so. because part of the dirty little secret behind all of this, stuart, is that mother nature has really interesting way of deciding when she's going to provide sun, when...
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the most important thing here is the secretary of energy said before this sale ever took place that they were going to see that it was sold to an american company. gregg: right. >> so our letter has those two points that you made. number one is, why did they tell us it was going to be sold to an american company and it wasn't, and secondly, is there any sensitive security information or discoveries, anything like that going to go over to the chinese? gregg: senator, i mean $132 million of taxpayer money thrown into a black hole, and what must be infuriating to you is, treasury cut a check on the day of, or the day before they filed for bankruptcy for a million bucks. >> yeah. well here is the other thing is, you had the president on when he announced this a few years ago, you had a repeat of that, and it just shows that the president wasn't very clairvoyant when he says they are the first beneficiaries of the stimulus package, and remember the stimulus package didn't do anything it was supposed to do, so $133 million go out, and the president is wrong. it didn't produce batteries. gregg:
the most important thing here is the secretary of energy said before this sale ever took place that they were going to see that it was sold to an american company. gregg: right. >> so our letter has those two points that you made. number one is, why did they tell us it was going to be sold to an american company and it wasn't, and secondly, is there any sensitive security information or discoveries, anything like that going to go over to the chinese? gregg: senator, i mean $132 million of...
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. >> more energy than any mere mortal. when we come back, senator mark warner, democrat of virginia, part of our special day, the long focus on the fiscal cliff, rise above d.c., and the opening bell in just about four minutes. >>> the there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep professionals can individualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfor
. >> more energy than any mere mortal. when we come back, senator mark warner, democrat of virginia, part of our special day, the long focus on the fiscal cliff, rise above d.c., and the opening bell in just about four minutes. >>> the there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive...
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i nee we we need to get to energy independence. i think that's really where we need to go. host: i want to show our viewers what they administration and then what the republicans are proposing in order to avoid sequestration, these automatic spending cuts on the domestic side. the white house says 01-year for all of sequestration and multi- year stimulus package. i think it figures that $50 billion. is that a good idea? guest: i am for deferring the sequester so we can have congress work on a multi-year budget. how that is done is a larger debate. but the big issue in the federal budget is entitlements spending. that's where the action is. that's where the money is. that's where the problem is. it is true that this portion of the budget can take some cuts. we should do it in a careful way. we should not do an indiscriminate sequestered. i agree with all that. but the budget framework, we need to take on the growing cost of medicare and medicaid and social security. those are the drivers of deficit. if we can come as part of avoiding the the fiscal cliff, put in place a fram
i nee we we need to get to energy independence. i think that's really where we need to go. host: i want to show our viewers what they administration and then what the republicans are proposing in order to avoid sequestration, these automatic spending cuts on the domestic side. the white house says 01-year for all of sequestration and multi- year stimulus package. i think it figures that $50 billion. is that a good idea? guest: i am for deferring the sequester so we can have congress work on a...
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energy was three. six, seven and eight was all about taxes, and the loss of capital, the growth of business, and tax code complexity. i mean, those are -- those are important issues for the small businesses out there. no question about it. like to know something about what's going on. >> okay. so we go -- let's say that this is resolved, that what we have facing us, some way or another, do you expect that it will come off of these lows that you're seeing? >> well, i think that we'll have to see how the economy evolves. since 80% of the declines in the index was about expectations for business conditions, and poor expectations for real growth, and your sales, that means that the small businesses are going to sit tight. they don't expect more customers so they're not going to hire, and that, of course, showed up. all the other components of the index stayed at recession levels. here we are at this very, very low level of optimism, consumer optimism tanked along with the owner optimism. and a lot of them
energy was three. six, seven and eight was all about taxes, and the loss of capital, the growth of business, and tax code complexity. i mean, those are -- those are important issues for the small businesses out there. no question about it. like to know something about what's going on. >> okay. so we go -- let's say that this is resolved, that what we have facing us, some way or another, do you expect that it will come off of these lows that you're seeing? >> well, i think that we'll...
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with those comments again a strong supporter because of energy, environment, congestion, still remain dedicated to moving positive inner-city passenger rail and particularly high-speed service if the united states is falling further behind and instead of being behind, those brief comments, patient ranking member who was so nice to me yesterday. >> thank you, mr. chairman, the minority -- [talking over each other] >> i can tell you i'm going to hang. >> nothing can move don young from the center. >> that is the size of that. it takes five people to move it. >> that is right. >> thank you, mr. chairman. chairman, i have been involved in the issue of high-speed rail since early on in my career in congress in nearly 90s, on the appropriations committee, designated the first proposed high-speed rail routes in america and one of them was from eugene, ore. british columbia, and we will hear a little later from paula hammond who is secretary of transportation from washington who will describe our progress or lack mara of, small amount of progress in achieving those goals but we are plugging a
with those comments again a strong supporter because of energy, environment, congestion, still remain dedicated to moving positive inner-city passenger rail and particularly high-speed service if the united states is falling further behind and instead of being behind, those brief comments, patient ranking member who was so nice to me yesterday. >> thank you, mr. chairman, the minority -- [talking over each other] >> i can tell you i'm going to hang. >> nothing can move don...
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this is a green energy company and part of president obama's energy policy that failed. >> gretchen: sorry to throw you because we didn't talk about it. did you see by 2030 that america will not be the super power that it has been. >> i have seen it before. the economic super power. we are spending so much more than we are taking in and borrowing the deficit largely from china. they recycle the money and buy our assets cheap. are we happy about this absolutely not. the ball is in president obama's court. are you going to do this or not. >> gretchen: it is explained simply. you are the star of your own show. >> this is very unpopular. america on a fire sale bought cheap people are not happy about it. >> gretchen: you will talk about it 9:20 a.m. on fox business network. >> thank you. >> gretchen: tax hikes and trying to avoid paying their open taxes. tucker carlson on the double standard. did you see dogs learning how to drive? did they pass the test. the results are in. i think they park better than i do for sure. ♪ [ malennouncer ] it's tt time of year again. time for citi price r
this is a green energy company and part of president obama's energy policy that failed. >> gretchen: sorry to throw you because we didn't talk about it. did you see by 2030 that america will not be the super power that it has been. >> i have seen it before. the economic super power. we are spending so much more than we are taking in and borrowing the deficit largely from china. they recycle the money and buy our assets cheap. are we happy about this absolutely not. the ball is in...
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depressing about the fiscal cliff plan, we will change the tax code, change this, a tax on gas to help the energy industry, all this stuff has receded into the mist and all we're trying to do is get a deal and be done with this. it is sad. in the beginning of a second term, you should be trying to do big things. >> politics often gets in the way. these guys agree behind closed doors what should be done but nobody wants to step out on the ledge and say it publicly. >> right. you have a polarized congress. at this point, both sides think the other side is not on the level and they're interested in taking the partisan political position than accomplishing a bipartisan result. the good thing is high skilled immigrants. hard not to find someone on both sides that don't think you should allow folks that have expertise in science and technology into the country. instead of doing it, both sides use it as a lever in the immigration debate and keeps getting spooled up inside that debate and nothing gets done. >> haven't the republicans been passing it through the house and democrats won't take it up in the
depressing about the fiscal cliff plan, we will change the tax code, change this, a tax on gas to help the energy industry, all this stuff has receded into the mist and all we're trying to do is get a deal and be done with this. it is sad. in the beginning of a second term, you should be trying to do big things. >> politics often gets in the way. these guys agree behind closed doors what should be done but nobody wants to step out on the ledge and say it publicly. >> right. you have...
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is there a new energy to get this done one way or the other? >> well, i think speaking in terms of how we look at it, at department of homeland security and i think if the white house at large, we've been very committed from the first term to try to do something on emmigration reform. the hill was not able to take it up for a variety of reasons. but i think now there is a new willingness to take a look at this subject. it's always a tough sub. it has been historically. but we're at a period in our history where we have an opportunity to really create a 21st century immigration system that foster legal crossing, legal workers, that then allows us on the enforcement side, as i mentioned, to really focus on those who are here that are dangers to public safety and others. >> suarez: janet napolitano as secretary of homeland security, secretary, thanks for joining us. >> you bet. thank you. >> woodruff: later this week, ray will examine the state of the administration's new policy to stop deporting young immigrants who entered the country illegally
is there a new energy to get this done one way or the other? >> well, i think speaking in terms of how we look at it, at department of homeland security and i think if the white house at large, we've been very committed from the first term to try to do something on emmigration reform. the hill was not able to take it up for a variety of reasons. but i think now there is a new willingness to take a look at this subject. it's always a tough sub. it has been historically. but we're at a...
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with the financial industry, the automobile industry, what lisa jackson and the epa is doing to the energy sector, the national labor relations board, that's nationalizing it. the nanny state, economic fairness, economic patriotism, fairness and fair shot, those are type of policies and theories that are not consistent with a constitutional republic, definitely not consistent with our founding fathers, the type of people like that. we re-elected someone that went to $10 trillion to $16 trillion in debt. we've had an incredible earth-shattering numbers of americans in poverty, americans on food starches. we've seen a 32% in welfare spending. we've seen gas prices being exorbitantly high. he has every right to afeel arrogant and feel he'll never be held responsible. >> sean: i think republicans need to get over whatever their feelings over the election. they were elected too. i don't know one republican congressman -- correct me if i'm wrong -- that was sent there to support the president's agenda. when i vote for a congressman, i vote they'll represent my interests. so the question is, do y
with the financial industry, the automobile industry, what lisa jackson and the epa is doing to the energy sector, the national labor relations board, that's nationalizing it. the nanny state, economic fairness, economic patriotism, fairness and fair shot, those are type of policies and theories that are not consistent with a constitutional republic, definitely not consistent with our founding fathers, the type of people like that. we re-elected someone that went to $10 trillion to $16 trillion...
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there's no doubt the energy sector hold the keys to iraq's reconstruction and the world energy supply. >> that's the latest in business headlines for this hour. here is a look at markets in the region. >>> they've told u.s. agencies that have exthe ended. the rocket will be carrying a satellite into orbit. the real goal is to test the long range missile technology. north korea's committee of space technology said engineers found a technical problem with the first stage of the three stage rocket. the committee announced it will extend the period for launching by one week. north korea said it will launch the rocket between december 6th and the 22nd. the international maritime organization, and the international telecommunication union said they were told of the extension on monday. the maritime and aviation bodies use it for flight trajection. they have not provided information about a satellite's frequency or orbit. the international community should take serious action against north korea if it goes ahead with the law firm. north korea domestic media have not reported the plan to laun
there's no doubt the energy sector hold the keys to iraq's reconstruction and the world energy supply. >> that's the latest in business headlines for this hour. here is a look at markets in the region. >>> they've told u.s. agencies that have exthe ended. the rocket will be carrying a satellite into orbit. the real goal is to test the long range missile technology. north korea's committee of space technology said engineers found a technical problem with the first stage of the...
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even control your thermostat to help save energy and money. z get adt installed starting at just $99. that's a $300 savings. you may even save up to 20% on your homeowners insurance. for everything that matters most. adt. always there. >> while the president is busy packing his tropical shirts for his hawaii holiday vacation that you'll be paying for, his so-called fiscal cliff is drawing a sharp review from an unlikely source. erskine bowles is publicly stating that the white house's proposal simply will not work. ouch. take a look. >> spending is the biggest part of this problem. even if you raise the top rates back to the clinton rates, you know, that only creates about $400 billion over 10 years. that's $40 billion a year. we got a trillion dollar a year deficit. that alone won't solve the problem. we have to cut spending. we're going to have to do more. you know, we may not like it. you know, we may wish we didn't. we simply made promises we can't keep. we've got to face up to it and we've got to have a bold decision in order to make sure
even control your thermostat to help save energy and money. z get adt installed starting at just $99. that's a $300 savings. you may even save up to 20% on your homeowners insurance. for everything that matters most. adt. always there. >> while the president is busy packing his tropical shirts for his hawaii holiday vacation that you'll be paying for, his so-called fiscal cliff is drawing a sharp review from an unlikely source. erskine bowles is publicly stating that the white house's...
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our energy costs are starting to go down here in the united states. and we still have the largest market. so when you factor in everything, it makes sense to invest here, in america. and that's one of the reasons why american manufacturing is growing at the fastest pace since the 1990s. and thanks in part to that boost in manufacturing, four years after the worst economic crisis of our lifetimes, our economy is growing again. our businesses have created more than 5.5 million new jobs over the past 33 months. so we're making progress. [applause] we're moving in the right direction. we're going forward. so what we need to do is simple. we need to keep going. we need to keep going forward. we should do everything we can to keep creating good middle- class jobs that help folks rebuild security for their families. [applause] and we should do everything we can to encourage companies like daimler to keep investing in american workers. and by the way, what we shouldn't do -- i just got to say this -- what we shouldn't be doing is trying to take away your righ
our energy costs are starting to go down here in the united states. and we still have the largest market. so when you factor in everything, it makes sense to invest here, in america. and that's one of the reasons why american manufacturing is growing at the fastest pace since the 1990s. and thanks in part to that boost in manufacturing, four years after the worst economic crisis of our lifetimes, our economy is growing again. our businesses have created more than 5.5 million new jobs over the...
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to give me energy in my house. if i never slip a switch, never turn on a faucet, $200 a month. i spend another $200 a month to underwrite those who can't afford water or flipping a switch in their house. there is no competition to the department of water and power in los angeles. if i use less power as i might do the department of water and power goes to l.a. city council to get a 10% increase in what they are paid. this is the game that's being played in the state of california. i know one thing. i know something now, lawrence, that i never knew in my life. i tweeted it over the weekend. i know what i'm going to make next year. i'm going to make 249,900 dollars. >> so you don't have to pay -- that's funny. >> i never knew it before. i always guessed. now i know. >> married, filing jointly. $249,999. i know how much i'll make next year. thanks to obama and the voters. $249,000. live small. michael, judy and i lived in california for a while. it has so much potential. it doesn't have to be this way. they could fix i
to give me energy in my house. if i never slip a switch, never turn on a faucet, $200 a month. i spend another $200 a month to underwrite those who can't afford water or flipping a switch in their house. there is no competition to the department of water and power in los angeles. if i use less power as i might do the department of water and power goes to l.a. city council to get a 10% increase in what they are paid. this is the game that's being played in the state of california. i know one...
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a123 systems was once heralded by energy secretary steven chu as a success story for american manufacturing. the green battery maker blaming weak demand for electric cars for their failure. china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropriately the impasse, many of our state governments aren't in much better shape. state pension systems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almost $4 trillion. leading is california with more than $370 billion in unfunded pension liabilities, only 47% are currently funded. a pension debt per household in california of almost $30,000. illinois close behind, $167 billion in unfunded liabilities, 28% funded, and the state pension debt per household amounting to over $34,000. in municipal bonds illinois sold over $5 billion in bonds this year making it the third biggest debt issuer in the first three quarters this year. california and new york, numbers one and two with. the issue of un
a123 systems was once heralded by energy secretary steven chu as a success story for american manufacturing. the green battery maker blaming weak demand for electric cars for their failure. china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropriately the impasse, many of our state governments aren't in much better shape. state pension systems, unfunded liabilities...
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Dec 10, 2012
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we're going to have debates over carbon and we'll have debates over energy self-sufficiency that are different than those over the past four years. >> all of those issues, hillary clinton will come out on top, because she has been a strong advocate for climate change, for many values americans support today. >> here's carville and newt gingrich on what would happen if she decides to run. >> the democrats want her to run. don't just mean a lot of democrats. i mean a whole lot of democrats. like 90% across the country. we just don't -- we just want to win. we think she's the best person. >> she's very formidable as a person. is a very competent person. she is married to the most popular democrat in the country. they both think it would be good for her to be president. that makes it virtually inpossible to stop her for the nomination i think. >> all right, donna, you said other democrats would challenge her. like who? >> well, look, vice president biden may be interested in the post. governor cuomo. you have elizabeth warren.gilli. governor o'malley. look, until they know what secretary
we're going to have debates over carbon and we'll have debates over energy self-sufficiency that are different than those over the past four years. >> all of those issues, hillary clinton will come out on top, because she has been a strong advocate for climate change, for many values americans support today. >> here's carville and newt gingrich on what would happen if she decides to run. >> the democrats want her to run. don't just mean a lot of democrats. i mean a whole lot...
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Dec 10, 2012
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secondly, this makes a mock rift green energy policies. the main rational for which was we don't want these so-called industries of the future controlled by foreign countries and by foreign companies. and here we are, transferring all of this property over to a chinese company. and there was an american buyer. there was an american buyer. an american-owned option. >> on that point, alan, is there any sensitive technology or information that is going to be given to the chinese through this trance ak. >> that's a great question, mandy. you are broadcasting from northern jersey, right sni think you recently you learned how important electricity grids are, right? when you don't have electrical power bb life becomes very bad. a123 is making product that helps control the electricity grid system. do we want the chinese owning this technology? the possibility for sabotage is after t astro nom cal. >> maybe they have the cash to put it underground. >> the price of saving these jobs is forbiddingly high. we shouldn't even be thinking about it. we h
secondly, this makes a mock rift green energy policies. the main rational for which was we don't want these so-called industries of the future controlled by foreign countries and by foreign companies. and here we are, transferring all of this property over to a chinese company. and there was an american buyer. there was an american buyer. an american-owned option. >> on that point, alan, is there any sensitive technology or information that is going to be given to the chinese through this...
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our energy costs are starting to go down here in the united states. and we still have the largest market. so when you factor in everything, it makes sense to invest here. in america. >> we're listening in as president obama addresses workers right outside of detroit at a diamler factory. i want to bring in mark murray again to at least highlight a little bit of what the president discussed. we know, mark, in michigan is there's a labor showdown right now and the president referred to good union workers, i believe that was the phrasing there, but nevertheless, earlier in the day, the administration said the president supports the unions, uaw but there's a showdown and supposed to come to a head tomorrow. >> that's right. governor rick snyder of michigan expected to sign in to law the legislation that would make michigan a right to work state. president obama in his remarks there didn't come out exples sitly against that legislation as the white house has done before but, tamron, you are right. he actually talked about good union jobs. certainly, chatti
our energy costs are starting to go down here in the united states. and we still have the largest market. so when you factor in everything, it makes sense to invest here. in america. >> we're listening in as president obama addresses workers right outside of detroit at a diamler factory. i want to bring in mark murray again to at least highlight a little bit of what the president discussed. we know, mark, in michigan is there's a labor showdown right now and the president referred to good...
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i want to make sure america leads the world in research and technology, and clean energy. i want to put people back to work, rebuilding our roads and our bridges and our schools. that's how we grow an economy. i want us to bring down our deficits but i want to do it in a balanced, responsible way. and i want to reward -- i want -- businesses and manufacturers like detroit diesel, right here, creating jobs, right here, in redford, right here in michigan, right here in the united states of america. that's where we need to go. that's the country we need to build. and when it comes to bringing up manufacturing back to america, that's why i'm here today. since 1938, detroit diesel has been turning out some of the best engines in the world. over all those years, generations of redford workers have walked through these doors. not just to punch a clock, not just to pick up a paycheck, not just to build an engine, but to build a middle class life for their families, to earn a shot at the american dream. for 7 1/2 decades, through good times and bad, through revolutions and technolo
i want to make sure america leads the world in research and technology, and clean energy. i want to put people back to work, rebuilding our roads and our bridges and our schools. that's how we grow an economy. i want us to bring down our deficits but i want to do it in a balanced, responsible way. and i want to reward -- i want -- businesses and manufacturers like detroit diesel, right here, creating jobs, right here, in redford, right here in michigan, right here in the united states of...
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a query for $15 billion canadian energy company. they are buying other think of these subject to government approval systems, electric battery maker in bankruptcy funded partially by the u.s. government provide electric batteries electric car company. and bankruptcy is a backdoor way to the calling this stuff to me can do it through sales, you don't necessarily need government approval. ashley: is there a problem with government approval on some of these things? >> is that w it we would not lee chinese companies get into telecom. there are sensitivities. i am a free-market guy. we like the free market but there's got to be some sensitivities with what china wants to do. ashley: china doesn't always play by the rules, let's be honest. they're not the friendliest trading partners. relations have not always been great. >> and they do own a lot of our debt. ashley: they're helping us out. >> free market be wary. ashley: are the other bargains that would be attractive to chinese investors? >> i think there are, i think there will be. a p
a query for $15 billion canadian energy company. they are buying other think of these subject to government approval systems, electric battery maker in bankruptcy funded partially by the u.s. government provide electric batteries electric car company. and bankruptcy is a backdoor way to the calling this stuff to me can do it through sales, you don't necessarily need government approval. ashley: is there a problem with government approval on some of these things? >> is that w it we would...
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energy stocks higher earlier, drifting lower, that has the dow's lead from the highs of the session. lastly we want to note that dovert corporation, took the stock down a couple of points. >> no t.o. the nasdaq now, everybody is talking about apple once again down here, but there is a lot more happening at the nasdaq than just apple today. >> absolutely. but let's lead with apple. jeffries hitting the take. could see decelerating growth, negative, margin leverage. elsewhere in tech, we are seeing green across the screen. hp, rising speculation that carl icon is interested in the company. that stock is outperforming today. lastly, the tablet wars heating up. barnes & noble named as part of barons top ten favorite stocks for 2013. the nook reader unit is holding its own against amazon and apple and these developments are not reflected in shares of bks. that's why you can see barnes & noble trading around 6%. sue? >> seema, thanks. rick san tellry is tracking action at the 162 on ten-year. what are they watching today, ricky? >> once treasuries opened today, we did see that rates were l
energy stocks higher earlier, drifting lower, that has the dow's lead from the highs of the session. lastly we want to note that dovert corporation, took the stock down a couple of points. >> no t.o. the nasdaq now, everybody is talking about apple once again down here, but there is a lot more happening at the nasdaq than just apple today. >> absolutely. but let's lead with apple. jeffries hitting the take. could see decelerating growth, negative, margin leverage. elsewhere in tech,...
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putting us in control of our energy future, now. megyn: well it's a story that shocked many americans two years ago. chrysler workers caught on tape boozing it up and getting high on their lunch breaks before heading back to the jeep assembly line. 13 of these guys got fired but guess what? thanks to a union-backed arbitration process they are all back on the job. we think all. here's the original report that broke this scandal open from our fox affiliate in detroit. >> 13 employees fired. two suspended without pay for a month. chrysler making no bones about it. these guys broke their rules. acting on a tip we received from inside chrysler's jefferson north assembly plant we watched as day after day employees left for lunch and headed to a local park to consume alcohol and smoke. >> hey, guys, hate to be a buzz kill but shouldn't you guys be building cars? the video talk of detroit became the talk of the nation. you know, the government spent a lot of money bailing you guys out and, you coming out here on your lunch break drinking l
putting us in control of our energy future, now. megyn: well it's a story that shocked many americans two years ago. chrysler workers caught on tape boozing it up and getting high on their lunch breaks before heading back to the jeep assembly line. 13 of these guys got fired but guess what? thanks to a union-backed arbitration process they are all back on the job. we think all. here's the original report that broke this scandal open from our fox affiliate in detroit. >> 13 employees...
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we conducted a panel discussion talking about clean energy among other things. we'll roll out those interviews later in the weeks in the days to come. tomorrow my interview with president jimmy carter and his views on legalizing marijuana. >>> new jersey's governor chris christie says he may have a challenger when his term is up. mayor cory booker is opening up as well as taking the food stamp challenge. wants that pink cas. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> hugo chavez is back in cuba today for cancer treatment. he left caracas early this morning. he's been battling cancer for the past year and a half. he underwent surgery and radiation therapy before declaring himself cancer-free in july. before leaving chavez spoke
we conducted a panel discussion talking about clean energy among other things. we'll roll out those interviews later in the weeks in the days to come. tomorrow my interview with president jimmy carter and his views on legalizing marijuana. >>> new jersey's governor chris christie says he may have a challenger when his term is up. mayor cory booker is opening up as well as taking the food stamp challenge. wants that pink cas. and you really don't want to pay more than you have to. only...
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Dec 10, 2012
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i want to make sure america leads the world and research and clean energy. i want to put people back to work rebuilding our roads and bridges and schools. that is how we grow an economy. i want to bring down our deficit. i want to do it in a balanced and responsible way. i want to tax code the rewards. manufacturers are creating jobs right here in redbird -- redford and michigan and the united states of america. that is where we need to go. that is the country we need to build. when it comes to bringing up manufacturing to america, that is why i am here today. since 1938 detroit has been turning out some of the best engines in the world. over all those years generations of workers have walked through these doors. not just to punch a clock or pick up a paycheck or build an engine. but to build a middle-class life for their families. to earn a shot at the american dream. for 7.5 decade through revolutions and technologies, men and women like you have done your part to build up america's manufacturing strength. that is something we can all be proud of. now you
i want to make sure america leads the world and research and clean energy. i want to put people back to work rebuilding our roads and bridges and schools. that is how we grow an economy. i want to bring down our deficit. i want to do it in a balanced and responsible way. i want to tax code the rewards. manufacturers are creating jobs right here in redbird -- redford and michigan and the united states of america. that is where we need to go. that is the country we need to build. when it comes to...
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energy prices are much cheaper. your work force is more productive and less likely to go out on strike. stuart: wait, wait a minute. the work force in america is more productive and less likely to go on strike than china, is that right? >> in china you have one wild cat strike after another, and suicide. and they make the products for apple said 10,000 robots and in 2014 one million. wh you have robot production, that minimizes china's cheap labor. and in california where they have facilities with robots it's just as cheap orrer than a robot in shin sheng. you wait a minute how come you're so wrong, china hasn't collapsed. >> i said it would occur in a decade, but you see the problems there, the economy is stumping and the central government is eroding and china people are taking to the streets. so, the wheels are coming off china. >> you're going to be right eventually. >> soon. stuart: within the next two years? >> maybe sooner than that. stuart: very interesting, gor n gordonment thanks as always. it's 9:29 almos
energy prices are much cheaper. your work force is more productive and less likely to go out on strike. stuart: wait, wait a minute. the work force in america is more productive and less likely to go on strike than china, is that right? >> in china you have one wild cat strike after another, and suicide. and they make the products for apple said 10,000 robots and in 2014 one million. wh you have robot production, that minimizes china's cheap labor. and in california where they have...
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. >> reporter: critics be dammed says governor jerry brown who backed solar energy no matter of cost or consequence. >> we are the people living with it for ever. we are opposed to it. >> reporter: riverside county is home to more molar energy than anywhere in the u.s. some call it a taxpayer rip off. >> they talk about all the huge jobs and long-term benefit to the county. we will be carrying the burden of having these types of facilities for decades to come. >> there isn't a single energy source in the united states that isn't subsidized right now. this is leveling the playing field for solar. the truth is that the cost for solar power is going consistently down. >> reporter: costs are dropping but solar is still up to five times more expensive than conventional energy and the plants pay millions in local property taxes while solar pays next to nothing. when riverside tried to impose an impact fee big solarued. >> this was an illegal tax. >> reporter: they have local environmen environmentalists on fire for bulldozing habitats and species. >> now we have seen acres of the desert bl
. >> reporter: critics be dammed says governor jerry brown who backed solar energy no matter of cost or consequence. >> we are the people living with it for ever. we are opposed to it. >> reporter: riverside county is home to more molar energy than anywhere in the u.s. some call it a taxpayer rip off. >> they talk about all the huge jobs and long-term benefit to the county. we will be carrying the burden of having these types of facilities for decades to come. >>...
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but the biggest mover in the energy space today, definitely natural gas. because it's 60-degrees-plus in december today. possibly we'll see an injection to storage even though, yes, it is the month of december. that is the reason why traders are selling that gas right now. back to you. >> all right. thanks very much, sharon epperson. perhaps the largest dollar deal of the day, it is not a merger monday. don't be mistaken, of course. we haven't had many of them. but we have an announcement of a deal, maybe a strong possibility on friday, ilfc, owned by aig, on the block, is going to be sold to the chinese. in a deal in which the unit itself is being valued about $5.28 billion. there you have a look at aig's stock price, which we'll get to in a moment. 81.1% being sold for $4.2 billion. an option to buy another 10% of the company. and finally, but roughly 10% will continue to be held by aig. an investor group, led by the chairman of new china trust that will be doing the buying here. it will require approval to the various regulators, including the review th
but the biggest mover in the energy space today, definitely natural gas. because it's 60-degrees-plus in december today. possibly we'll see an injection to storage even though, yes, it is the month of december. that is the reason why traders are selling that gas right now. back to you. >> all right. thanks very much, sharon epperson. perhaps the largest dollar deal of the day, it is not a merger monday. don't be mistaken, of course. we haven't had many of them. but we have an announcement...
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caller: this social security, some rocket scientists figured out that we do not need energy that we do not need, paying for these increases for two years. now they are reviewing it and i am just sort of disappointed with our people up there. they just do not seem to understand that they are not doing their job. this crisis, everything that happened, the people are not doing their jobs. the only way to get rid of them, i am just really disappointed. host: i assume you are on medicare? caller: yes, i am. host: how much do you get each month? caller: $1,200. i am also on disability. my pension and stuff. they always bring it back to the older people. they always want to tax us for the problems that they create. host: what do you think about the idea of raising the eligibility age for medicare over a certain amount of years? caller: it depends on the operation you are in. i was a mechanic and my knees went to hack. i do not know what they do with people like me who have a job that you have sacrificed your body for. what happens then? host: this is a q and a piece from "the baltimore sun."
caller: this social security, some rocket scientists figured out that we do not need energy that we do not need, paying for these increases for two years. now they are reviewing it and i am just sort of disappointed with our people up there. they just do not seem to understand that they are not doing their job. this crisis, everything that happened, the people are not doing their jobs. the only way to get rid of them, i am just really disappointed. host: i assume you are on medicare? caller:...
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one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. we're for the individual. the food lover. the movie lover. the road tripper. and the music mentor. ♪ we're for the gamer. the play maker. the page turner. and the up-all-nighters. so when we set out to make a smart phone we didn't make one for all of us. we made one for each of us. new windows phone. reinvented around you. we made one for each of us. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beac
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. we're for the individual. the food lover. the movie lover. the road...